Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) Stock Has Consensus Target Price of $139.91

Shares of Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $139.91.

A number of equities analysts recently issued reports on the company. Weiss Ratings cut Futu from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 9th. Wall Street Zen raised Futu from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Zacks Research raised Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th.

Hedge Funds Weigh In On Futu

A number of institutional investors have recently bought and sold shares of FUTU. Ieq Capital LLC purchased a new stake in Futu during the third quarter valued at about $627,000. Voya Investment Management LLC boosted its holdings in shares of Futu by 6.3% in the third quarter. Voya Investment Management LLC now owns 6,983 shares of the company’s stock worth $772,000 after buying an additional 414 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Futu by 1,004.7% in the third quarter. Global Retirement Partners LLC now owns 707 shares of the company’s stock worth $78,000 after buying an additional 643 shares during the period. Brilliance Asset Management Ltd. purchased a new position in shares of Futu in the third quarter worth approximately $3,709,000. Finally, Intech Investment Management LLC purchased a new position in shares of Futu in the third quarter worth approximately $230,000.

Futu Stock Performance

Shares of NASDAQ:FUTU opened at $95.48 on Wednesday. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.00 and a beta of 0.71. Futu has a 1-year low of $80.50 and a 1-year high of $189.38. The company has a 50 day moving average price of $108.33 and a 200 day moving average price of $123.10.

Futu (NASDAQ:FUTU) last posted its quarterly earnings results on Thursday, August 20th. The company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.35. Futu had a return on equity of 28.20% and a net margin of 42.95%. The company had revenue of $852.66 million for the quarter, compared to analysts’ expectations of $786.07 million. On average, sell-side analysts expect that Futu will post 9.42 EPS for the current fiscal year.

About Futu

Futu Holdings Ltd. is a financial technology company that provides digital brokerage and wealth management services. Its platforms include Futu NiuNiu and moomoo, which offer tools for investors to trade and manage investments. The company’s services include securities trading, market data and research, investment education, and online investor communities. Its brokerage platforms provide access to products such as stocks, exchange-traded funds, options, and other investment products, with availability varying by market.